1931-07-14 — Page 1

OSIXIO

Chi

SINO China Mail

When the boy gets tir-

ed pushing his wagon

along, he rests, while

the wagon rolls merri-

ly on its way

THAT'S FREE WHEELING!

HONG KONG & SHANGHAI HOTELS, LTD.

tincorporated in Hong Kong.i

No. 27,848

FISHED

HONG KONG, TUESDAY, JULY 14, 1931.

GRAVE FINANCIAL CRISIS AEROPLANE SMASH FOR ANCESTRAL

IN GERMANY

SEVERE SLUMP OF THE MARK

NATION ADVISED NOT TO LOSE

WORLD'S

ITS NERVE,

MONETARY POLICY

Rugby, Yesterday.

The grave financial crisis which has developed in Germany is being followed with deep concern here and to-day's events in Berlin: caused an inevitable repercussion on the London Foreign Exchange market...

There was a severe depreciation of the German mark which, after slumping from 2.65 to 27 to £1, recovered in the afternoon. The German crisis had a weakening effect on the Stock Exchange generally and prices, after recovering from the early drop presented a weak appearance at the close.

'

The news was awaited anxiously throughout the day of the re- sults of the Conference of Governors of the Bank of International Settlements at Basle.

EMERGENCY

DECREE

Confidence Returns.

Berlin, Yesterday.

NEAR MOSCOW.

Red Army Officials Killed.

+

EIGHT CASUALTIES.

WORSHIP.

Provisions in Canton Man's Will.

DOWRIES AND BEQUESTS.

The will of Leung King-ui, alias

TO-DAY'S DOLLAR. —— The closing rate of the dollar on demand, to-day was 11d.

PRICE $3.00 Per Month.

POSEIDON

HERO..

P.O. WILLIS OFFERED WARRANT RANK.

WHERE THE

GOES.

DUNLOP Special

Extra

Construction

Overseas

Motoring Conditions,

FORT MOTOR CYCLE TYRES.

LOCAL BRANCH,

Pedder. Bldg.

MONEY STUBBS ROAD CAR

Sequel to Rainstorm in April.

$30,000 VOTE ASKED.

SMASH.

Inquest On Victims Opened.

FATAL PICNIC PARTY.

Eight persons were killed in an Leung, Chau-po, alias Leung Kai, WORTHY HONOURmittee of the Legislative Council owed on Stubbs Road, which in-

Moscow, Yesterday.

eroplane smash near Moscow to-who died in Canton on January 11 [day, including two assistant last, provides for the administra- chiefs and an official at the head-tion of six items of his estate in quarters of the Red Army, two Hong Kong for the benefit of his pilots, two mechanics, and an ob- two unmarried daughters, his con- i server.-Reuter.

wages.

unmarried

REST OF SURVIVORS ALL PROMOTED.

مه

RAIN LIKELY,

To-day's weather report from the Royal Observatory states: The northern depression is Alling up near Kobe, The Tongkong depression is sta- tionary.

Details of the recent motor On Thursday the Finance Com-mash in will consider the following votes on the 1981 Estimates:-

To meet cast of making good the.

...Total

in India.

+

$40,000

qrent dramatic suicide of the driver of the car, were narrated Public Works Recurrent: Ty-before Mr. Williams at the Cen- phoon and Rainstorm Damages, tral Magistracy yesterday. Mr. New Territories: $30,000.

Williams acted as Coroner, with cubine, his married, daughter, and younger brother. Probate kas

a jury composed of Messrs. H. been granted to the two last-nam-disaster to H.M.S. Poseidon, the

Provision made in Estimates: Overy (foreman), J. M. Mayhew, In connection with the recent

$10,000, ed, Leung Tai-yi and Leung King China Ma learns that Petty

and J. Dick. that Germany's troubles would lam, respectively,

Dr. G. H. Thomas gave evidence be in a few days.

manager of the Pearl Theatre, the escape

Preston Officer P. H. Willis, who organised damage to roads, bridges, water as to the admittance, and later Two more. emergency decrees Canton, at the time of the death.

of members of the works, etc., caused by the rain-death, of Lau Hing-lun, aged 25, were issued to-night. The first The estate, valued at $35,400, in motion to Warrant rank.....

submarine, has been offered pro-storm of April 20 last.

wha had suffered serious injuries to stipulates that all banks, savings cludes the whole business of the

Estimated cost of damage $33,769 the upper part of the body... An- and credit institutions shall re- Kiu

All the remainder of the sur-Allow for contingencies ... main closed on July 14 and 15 Sheung Wan, Hong Kong, the Kiu already been promoted one step Yued Oil Deulers" Firm, vivors, it is understood, have

6.231 other patient was brought in the same night, in a dying condition. while Government and represen-Yuen Godown, land and a building in rank.

He smelt strongly of Lysol disinfec- tant. Later he died, and a post- tatives of banks arrange to find thereon, and various shares in the money required to carry on local companies.

[Cabled messages from London Deduct amount voted in Ea- i mortem examination showed evi- It is directed last week were to the effect that business and pay salaries and under the will

timates

10,000, dence that first of all Petty-Officer Willis, the heroic

of poisoning. One good $8,000, in twenty-cent pieces, be member of the crew of the sub-

mouthful of the disinfectant would The Stock Exchanges will prob- laid aside aa dowry, for the two marine Poseidon, who organised

Amount now asked for..330,000 be fatal. ably remain, closed till the end daughters yet

iWitness, answering Police Officers' Instruction.

Mr. Hin of the week..

$1,500 each); The yearly receipts crew after the vessel was sunk (or the escape of a number of the

Shing-lo, was quite certain the Lysol The second decree authorises from rents and interests shall pay off Wei-hai-wei, is likely to be of Instruction for Police Officers: Civil Hospital.

Police Force:-Special Course did not come from the Government the Government to declare bank the two daughters and the con awarded special promotion. Prob-$500. holidays for banks and credit in-cubine $240 yearly, also in twenty-

Lust Control. stitutions whenever they consider cent pieces. The balance of in-

Miss Lois Todd, then gave .ovi- A vote of $500 is requested to dence. She said she was an aunt it advisable.

come is to be equally divided

meet the payment of fees for the of Wong Ka-chee, the man who was Heavy Run on Banke

amongst the five relatives mention-

training of Police Superintendents driving when the accident occurred. Berlin, Yesterday.ed, a sixth equal share being set

She knew he A similar charge has not pre- with Tai Hon-nam, owner of the car. was on good terms The Banks have decided to aide for the Ancestral Sacrifice

Fund. continue on July 14 the policy;

vlously been made by the Indian There, was no Provisional Allowance.

Government and therefore no pro- nephew should take his own life,

reason why her of restricting payments. The

The will further directs, "Should Hamburg Savings Banks have

vision was made in the Estimates.

Tai Hon-nam then detailed, the.. closed for two days owing to Leung Mak-shi, the concubine, re-i

'P.W.D. Emoluments.

circumstances of a plenie party on the heavy run on them as a re- main faithful to the principle of

the day in question. Public Works Department:-Per-five went out to Repulse Bay. It A party of sult of Radicals unging the chastity, and stay at home, sho people to withdraw their say- shall be allowed expenses of main-

sonal Emoluments: $209,921. tenance for twenty years. In the ings.

included Lau Hing-lun, a maternal Provision made in Estimates: journey Wong Ka-chee said he had Nazis

unele of witness. Upon the returni and Communiata have event of her marriage or death her The Government's assumption written to Herr Locbc, President share shall be allocated to the An- of responsibility for the Darins of the Richstag,

cestral Sacrifice Fund The announcement that the tadt Bank's liabilities has had a immediate convocation.

demanding its

After the lapse of twenty years The Nazis Bank had closed was accompani- most reassuring effect. Special demand the discussion of "three the principle is to be divided ed by an official statement that Police posted in the neighbour-questions of aupreme importance, amongst the beneficiaries under the German Government, on the hood of the banks had an idle namely, sabotage of Hoover's plan the will.' basis of an emergency decree to day. The Darmstadt Bank was by France, the British and French

Local Man's Estate." be issued to-day by the President very busy, but there were no attempt to rob Germany of the alias Kwan Fung-chai, who died Kwan Sik-wal, alias Kwan Wai, will provide by means of a full signs of a "run," while other remnants of her sovereignty, and an guarantee of all deposits for the large banks met all claims, but emergency

at 490, Hennessey Road, Hong decree in favour of Kong. first floor, on March 6 last, orderly settlement of affairs refused to sell foreign currencies. capital." The Reichstag must also left: estate valued for probate at of the bank. Stock Exchanges The Government did 'not con- decisively veto, the visit of Dr.! throughout Germany were closed sider it necessary and will remain closed to-morrow. emergency decree regulating the-Reuter.

to issue an Bruening and Dr. Curtius to Paris. $94,600 Probate of the will has been granted to Luk Lin-ngoi, Chu Another emergency measure traffic in

Sau-ming, concubines, and Kwan foreign taken to-day in Berlin placed a though the Reichsbank is only

Sumiyin, medical practitioner, "a temporary limit on withdrawals issuing foreign money against Finance and Industry, presided younger brother of the clan."

marks actually deposited.

The will directs that $200 year over by Lord MacMillan, which has A_Basle_message_states_that.

ly-be-set-aside-for-sacrifices-and- -The-mark remains steady at been eagerly awaited, is published Dr. Luther has put before the 20.20 to the pound. Meanwhile, to-day. The Committee was

worshipping of ancestral Board of the International Bank the Government is marking time, pointed in November, 1929, "to in-temples of the Wing Fuk Tong, and ably he will be promoted to com- a plan for the re-establishment confident of help forthcoming quire into banking, finance and upon the occasion of the dates of missioned rank and a medal for of German finances, which is from Basle.

great gallantry will be awarded being examined by experts. It is suggested that political negotia- tions between the British. French, Amarcan and German Governments will follow.. London the importance of the proceedings at Baste. for German credit is fully recognised.

Following his return to Berlin, over the crisis. British Wireless from Paris Dr. Luther, President Service. of the Reichsbank, was in con- sulation with the German Cabinet: throughout yesterday, and this morning, before leaving by aero- plane for Basie, he is reported to have discussed the closing to-day of the Darmstadter and Nation- al Bank, which is the lender in foreign currency and credit

operations.

from banke.

Credit to Germany. The Prime Minister answering a question in Parliament regarding the meeting of Treasury experts to consider the measures neces-

A confidence that she has weu- thered worse storms and will safely outride the present crisis sums up the prevailing attitude in- Germany to-night after the past panicy days.

currencies

Committee's Report.

The report of the committee

No French Guarantee,

Paris, Yesterday.

оп

the

Pressure is high in the north. Forecast:- winds; moder- atc; generally cloudy; been- sional rain..

Rainfall. Rainfall for 24 hours end- ed at 10a.m. to-day, 0.90 inch. Total since January 1-41,96- inches against an average of 44.10 inches deficit 2.14 inches.

Temperature.

The temperature at certain specified centres this morning ai 6 o'clock was:-

Hong Kong.

80

Macao

79

Fratas Island

83

Manila

77

81

64

67

Foochow Chefoo Shanghai

both

credit, paying regard to factors "Each descendant going to the ancestors' births and deaths. internal and international)

him.

Cool Courage..

lowance."

$1,650,203.

a, driving licence, and witress allow Provision of the amount now red him to take the wheel. quired has already been made down the Stubbs Read gradient the Coming under Public Works Loan Account. car gathered speed; zig-zagged, and Meantime, and until instructions finally appeared to hit something have been received from the Secre and turn over. When he (witness) tary of State for the Colonies ap recovered consciousness he saw his proving the amendment of the Pen-uncle and a girl in the party lying sions Minute covering the salaries on the ground. Later he and the of officers seconded to Loan Work,girl were removed to the Hospital. It will be necessary to charge Brakes All Right. these salaries to Personal Emolu- ments and a Supplementary Vote

in aid is requested.

An appropriate re-imbursement to revenue from Loan, funds will be made in due course.

$360.

Death-Gratuities.

Pensions: Death, Gratuities: Provision made In Estimates: 5,000. Finance Committee has already

Wong Ka-chee with his head in his Witness said he had also seen

haude, sitting on the roadside after. the accident, that the brakes of the car were not The man suggested in order, but witness did not agree.. Wong Ka-chee expressed-his-sorrow- for what had happened.

The

of the theory that it turned over.

The Inquiry was adjourned.

"KELLOGG PACT.

Inspector Alexander told the Court that the smash was probably due to faulty driving by Wong. All the marks were on the near side. It must have hit the bank, and which govern this operation and to graveside and worshipping, or

He was the Torpedo Gunner's approved payment of a gratuity thrown the passengers out. make recommendations to enable offering sacrifices, shall in addi- A message from Baele states these agencies to promote the tion be granted $5 conveyance al-Mate, and took charge of affairs equivalent to one year's salary to hood was undamaged, thus disposing that the Bank of International development of trade, commerce, and Settlements has agreed not to de-employment."

when the order was given to close the estate of the late Yeung Shing

mand a

It is added that $2,000 shall be the water-tight doors. Willis first.C. C92, who died on April 17: French guarantee of The intensification of the de-

allowed for expenses of his son's conducted prayers and then told 1981, one month after retiring on No pension was in fact £25,000,000 in the event of Ger- pression and financial crisis since marriage; and $1,500 for that of his companiona to put on the pansion.

each of his daughters. many seeking a Moratorium after that date has invested the report of directs that $5,000 be set aside for though he knew the oxygen was the above sub-head in the Estim S. American Countries

drawn and a vote is now request- Davis escape apparatus. Teatator

ed for the sum involved $360,⠀as | the committee with special interest.

his funeral expenses, and $2,000 exhausted he reassured his comates only covers gratuities when The report is sighed by all members for the preparation of the burial rades by declaring there was death occurs during the actual ser- except Lord Bradbury, who presents!

¡site. a reasoned memorandum of dissent. wife and concubines are provided good spirits. Also, while every

Funeral expenses for his plenty and thus kept them invice of an officer. main for In the sum of $1,500 each.

the Hoover plan ends.

Help for Reichsbank.

Basle, Yesterday.

After reviewing the

economic and financial developments

AI-

Gratulties:

Still Standing Out.

The Council of the Bank of feary to give effect to Fresident International Settlements has de

thing was in darkness and the Pensions:-Death

London; July 8. Only six states Argentina, Hoover's proposal, said reply to a supplementary ques-every means in its power.

incided to help the Reichsbank by since the return to the Gold Stan- be administered by one of his sons, compartment, one of the men

The balance of the estate is to water was gradually filling the $8,674...

Bolivia, Brazil, Ecuador, San. tion that it was impossible with-

dard in 1925 the committee con-selected for the purpose, to remain calmly instructed the Chinese

Provision made in Estimates: Salvador and Urguay-out of 66 Methods Criticised. out notice to give any later news

clude that "the economic difficulties a common fund in perpetuity. boy in the use of the escape up-

$96,000,

invited by the United States Gov- Basle, Yesterday. of the present decade are primarily

ernment to accede to the Kellogg' us to the week-end happenings The decision of the Council of due not to any wanton misbehavi Mr. Richard Henry Hamson, save his life.

Mr. RH. Hamson.

paratus, and so enabled him to Finance Committee has approved Pact, have not yet done so. Cer regarding credit to Germany. the Bank of International Settle our in monetary factors but to the mechanical engineer, late of 4.

the grant of a gratuity equivalent tain steps have been taken by the The Foreign Secretary Mr.ments to help the Reichsbank ar unusually large and, rapid changes Leighton Hill Road, Hong Kong, presence of mind under the most already drawn, to the estate of the not been ratified yet.

This exhibition of courage and to one year's salary less pension Bolivian Government but they have Arthur Henderam, will leave rived after an all day long sit of non-monetary phenomena. For who died at the age of 60 on the desperate conditions is acclaim- Inte Mr. F. Aslett, Inspector, Sant- The British Foreign Secretary, London to-morrow morning for ting and was marked by keen instance, the unusual instability in way to the Government Civil Bosed as being in line wth the high-tary Department, who died on Mr. Arthur Henderson, who made Paris, when he will pay a visit French criticism of German fin the demand for capital war debts, pital on March 14, 1931, left local est traditions of the British Navy February 27, 1931, one month after this statement in the House of to the French Colonial Exhibiancial methods during the past the rapidity of technical changes estate valued at $51,000. tion, During his stay he will decade and the insistence of sub-in manufacture and agriculture,

and has sent a thrill of pride retiring on persion. A vete le re Commons, added that he had not have conversations with the stantial political and economic rigidity of wage rates, the growth granted by the Supreme Court to

Probate of his will has been through the nation.]

quested for the sum involved, as heard of any efforts being made to French Foreign Minister, M: guarantees, as the price of a sist-of tariffs, embarrassments of Bud- the two administrators named in son, Hut Kwok-puf, merchant, as ates only covers gratuities when adhere, N. C. Daily News.

the above sub-head in the Estim get these outstanding States to Briand. He la due to leave for ance gets, and violent changes the will, Messra. Alexander Allen, executors, to whom probate has death occurs during the actual ser- Berlin on Thursday afternoon. On Friday morning he will be close of the meeting says: The and elsewhere.

A communique Issued at the speculative activity in New York of the Hong Kong and Shanghal been granted by the Supreme vice of an officer. jomed by the Prime Minister, Council examined the statement Britain' own domestic difficulties formerly of the Eastern ExtensionThe will makes bequests to the pension 30.1.81 to

Hotels, Ltd., and William Allen, Court.

One year's salary, £415; Lega u with whom he is returning the of Dr. Luther with regard to the were increased by the relative over Telegraph Co. deceased's wife and second con-203.16.1 recent visit to England of Dr. situatione ethang and the valuation of the pound sterling on The deceased is survived by two cabins, and four grandsons, of £897.10.8. Bruening and Dr. Curtius. The Prime Minister proposes to fly to satisfactory nature of its econo- the return to gold and the au sons, Messrs. Arthur Bird Hamson whom two are minors. The testa. mical and budgetary position, in sequent under-valuation by France and Anthony Edgar Bird Hamson. tor directed that if his concubine Berlin and according to present spite of the crisis due to the and Belgium. Arrangements he will return by withdrawal of short term credits International Co-operation.

and 4 daughter, Mrs. Constance for directed that if his concube Harbour Department and Air air on Monday Mr. Henderson placed by Germany. The Committee deine the task of Kong. Testator also left in the charge Rent of Office: $300

Bird, Fox, all resident in Hong widow, she shall forfeit her rights. Services, Harbour Depratment:- will return via Paris, where heIt adds that the Council is con- the monetary system as to the In his will the testator made be of his grandson, Huf Kwok-pul

resume his conversations

vinced of the need at present of balance by changes in quantity and quests to his sons and daughter ten shares in the Kwong Sang 15,180 financial assistance for Germany terms of credit, affect on the price to his sister, Mary Steer, and to Hong, Ltd. directing him to apply Provision was made in 1981 Es- attempted to storm a prison Appeal to the Nation and declares itself ready to col level of Auctuating factora outal Berlin Press telegrams to-night faborate therein and reinforce it its direct control

his gud-son, V. E Archie, and the d state that all the other big banks all means at the disp

recom directed that $200 be paid to each of these mend an attempt to rease the of the executors for their trouble of the power of delib ata control over the in the ma

the estate. year! price

will

with M. Briand

apart from the Darmstadter are the Central Banke

in a perfectly sound position and

require no Governmen

guaran

Way

to be inb

the gra

27.2.81 at

P.B £17.9.4 Total,

STOP

Harbour Department Rent

Provision made in Estimates:

Hem

bonuses, and profits timates for the

for the to cover expenses Office, P. & O. Boil

descendants: in whole: at a monthly rent of mbs of his 2427.50, 0_v12; — $400 rental and ¿Festival, $27.50 lift charges. The lease ex- of pired on 80.4.81 and on renewal of 1831

of G.M.B

PRESS

Srinagar, Yesterday.. Nine Moslems were killed and scores injured and several mortally injured during com umunal rioting where Moeleme

in which a Moslem was awalt ing sentence for incitement against Hindus, who are alleg

have - desecrated: the Tho, city, in ⠀ panie

oslems to-day:

and throw

Zamon

the city.

E